NOT LISTED FOR SALE

821 S Mechanic St Jackson, MI 49203

Partnership Park Neighborhood

Estimated Value: $132,000 - $172,258

5 Beds
4 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold October 31, 2014

Last sale price $27,500

Est. 428% increase in value since last sale

Current estimated payment $1,009/month

45 Days on Market

Highlights

  • Space Heater
  • Wood Siding
  • 2-minute walk to Workers Memorial Park

About This Home

As of October 2014

A great investment opportunity whether your first or the next addition to your portfolio! Return on your investment in under 24 months. This city certified property is a fully rented 4 unit that produces good cash flow for the investor. All appliances listed are included in the sale at no additional charge. Closing to shopping, dining, and more. Owner has multiple property and is relocating out of the area. Package deal on multiple properties are available.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 08/30/2014

Last Buyer's Agent

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 08/30/2014

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1886

Lot Details

  • 6,534

Home Design

  • Wood Siding
  • Stone

Additional Features

  • 6,534 Sq Ft Lot
  • Space Heater

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • Cooleys Place Subdivision

Building Details

  • Operating Expense $12,846
  • Gross Income $23,640
  • Net Operating Income $40,358

Property Details

Home Type

Apartment

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1886
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding, Stone
  • List Price: 27500.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6534.0

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 23640.0
  • Net Operating Income: 40358.0
  • Operating Expense: 12846.0

Tax Info

  • Tax Annual Amount: 998.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2017
Sold by
Smith David L
Bought by
Through Helping Other People Everywhere
Current Estimated Value
$145,065

Purchase Details

Listed on
Jun 22, 2013
Closed on
Jul 12, 2013
Sold by
Dewaters Timothy G and Dewaters Rebecca
Bought by
Smith David L
Seller's Agent
Heather Herndon
HOWARD HANNA REAL ESTATE SERVI
Buyer's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Sold Price
$6,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.38%

Purchase Details

Closed on
Dec 9, 2003
Sold by
Dsg Group Llc
Bought by
Dewaters Timothy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,100
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2001
Sold by
First National Bank Of America
Bought by
Dsg Group Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Through Helping Other People Everywhere $27,500 None Available
Smith David L $6,000 At
Dewaters Timothy G $49,000 --
Dsg Group Llc $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dewaters Timothy G $44,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2014 10/31/14 Sold $27,500 +358.3% --
07/12/2013 07/12/13 Sold $6,000 -- --
07/09/2013 07/09/13 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,829 $47,400 $0 $0
2024 $1,894 $45,400 $0 $0
2023 $1,858 $39,200 $0 $0
2022 $2,744 $32,100 $0 $0
2021 $2,245 $28,950 $0 $0
2020 $3,520 $26,400 $0 $0
2019 $1,306 $19,200 $0 $0
2018 $1,270 $16,250 $0 $0
2017 $1,017 $15,850 $0 $0
2016 $918 $17,300 $17,300 $0
2015 $965 $16,400 $16,400 $0
2014 $965 $15,550 $15,550 $0
2013 -- $15,550 $15,550 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Doug Beiswanger

    Coldwell Banker Beiswanger Realty Group

    Section Image
  • Heather Herndon

    Seller's Agent in 2013

    Heather Herndon

    HOWARD HANNA REAL ESTATE SERVI

    (517) 787-9800

    1 in this area

    784 Total Sales

    Heather Herndon
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21032791

Southwestern Michigan Association of REALTORS®

APN: 5-059600000

Michigan Jackson County Jackson 49203 Partnership Park

821 S Mechanic St, Jackson, MI

This home is located at 821 S Mechanic St, Jackson, MI 49203 since 30 August 2014 and is currently estimated at $145,065. This property was built in 1886. 821 S Mechanic St is a home located in Jackson County with nearby schools including Middle School at Parkside, Jackson High School, and Francis Street Primary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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